Due dates for professional tax payment

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What is Professional tax ?

 

Professional tax is levied at the state-level (but not all states) on all workers. This includes the salaried, whether they’re working in government or non-government entities, the self-employed and professionals, including Chartered Accountants, Doctors and Lawyers.

This tax has been in existence since the 1970s and states were conferred the power of levelling the Tax under Clause (2) of Article 276 of the Indian Constitution. The rate at which Profession tax is charged is based on income slabs set by the respective state governments. However, the maximum Professional Tax that can be levied by any state in a year is Rs. 2500. This is a tax deduction amount.

Professional tax is a source of revenue for state governments, helping implement schemes for the welfare and development of the region.

Professional Tax Payment Due Date of payment in Maharashtra

1. In the case of tax liability of less than Rs. 50,000 in the previous year, the due date for payment of professional tax (PT) is March 31. 2. In the case of tax liability of more than Rs. 50,000 per month, the due date is the last day of the month for which the return is being filed. 3. In case it is the first year of registration, the due date for payment of professional tax (PT) is the last day of the month for which the return is being filed.

Profession (PT) Tax Due Date of payment in Tamil Nadu

Every person who is liable to pay profession tax should file their return by 31st December for the entire year. This is extendable by one month.

Professional Tax Due Date of payment in Karnataka

Every person who is liable to pay profession tax should file their returns by the 15th of the next month for which you should file the return.

Professional Tax Due Date of payment in Kolkata

For registered employers with annual tax liability up to Rs. 3000, the return period is quarterly. Such employers shall furnish the quarterly return within 30 days of the expiry of each quarter and pay tax before filing such return. Other employers having annual tax liability exceeding Rs. 3000 shall furnish quarterly returns within 30 days of the expiry of each quarter and make a monthly payment of tax within 21 days of the next month in respect of the first two months of each quarter.

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